CC_GO_100.3 Commercial/Multifamily Loan Documentation and Closing
The agreements, documents, and promises made and executed at the loan closing flow through to the commercial mortgage loan servicer. Nearly all of the actions to be taken over the life of the loan are governed by the terms memorialized in the documents executed at or in connection with the loan closing.
Commercial/Multifamily Loan Documentation and Closing examines the documentation and events related to the closing process and their impact on servicing. It begins with a look at the commitment letter that is issued from the lender to the borrower. Next, it describes the process of loan documentation and the critical loan documents that are created during this process. The course then explores the role of attorneys in the loan documentation and closing process. Finally, it addresses the loan closing process itself, during which the documents are signed and the loan funds are disbursed.
This is a commercial/multifamily course.
Seat time approximately 1 hour.